Media Releases

Stay up-to-date with our latest media releases on our space innovations and industry partnerships.

April 1, 2025

MDA SPACE TO ACQUIRE SATIXFY COMMUNICATIONS

April 1, 2025 (BRAMPTON & REHOVOT) – MDA Space Ltd. (TSX:MDA), a trusted mission partner to the rapidly expanding global space industry, and SatixFy Communications Ltd. (NYSE American: SATX), a leader in next-generation satellite communication solutions based on in-house-designed chipsets, today jointly announced that they have entered into a definitive agreement (the “Transaction Agreement”) under which MDA Space will acquire all outstanding shares of SatixFy in an all-cash transaction for US$2.10 per share. The transaction, which represents an equity value for SatixFy of approximately US$193 million (approximately C$278 million), is expected to further enhance the end-to-end satellite systems offering of MDA Space as demand for next generation digital satellite communications continues to accelerate.

February 10, 2025

MDA SPACE SIGNS $1.1B CONTRACT WITH GLOBALSTAR TO BUILD NEXT GENERATION LEO CONSTELLATION

February 10, 2025 (BRAMPTON, ON) – MDA Space Ltd. (TSX:MDA), a trusted mission partner to the rapidly expanding global space industry, today announced that it has signed a definitive contract with Globalstar Inc. (NYSE American: GSAT) to be the prime contractor for the satellite operator’s next generation low Earth orbit (LEO) constellation, with a total contract value of approximately $1.1 billion*.

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